Indian IPO proceeds set to top $5b in 2016 to touch 6-year high

Indian IPO proceeds set to top $5b in 2016 to touch 6-year high

Indian IPOs are set to raise more than $5 billion in 2016, a six-year high, as corporate profit growth and a pickup in the economy drive investor demand for equities and lure firms such as Vodafone’s local unit to list.

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